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Quotes from Western Union:
- The euro held a slim lead against the greenback after better than expected news on German companies was largely offset by another warning shot from Mario Draghi.
- A critical piece of data looms on April 30, when the bloc releases a preliminary report on April inflation. The decline in inflation to 0.5 percent in March, a multi-year low and a country mile from the ECB's near 2 percent bull's eye, is expected to be temporary.
- An outcome next week that stops short of showing some stabilization could see the euro come under heavy selling pressure. German datatoday showed business morale unexpectedly brightened to 111.2 in April compared to forecasts of a decline to 110.5 from 110.7 in March.
